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Shipbuilding giant CSSC moves closer to asset integration | Hellenic Shipping News Worldwide

Shipbuilding giant CSSC moves closer to asset integration Nine listed subsidiaries of China State Shipbuilding Corp Ltd, or CSSC, announced that they will transfer equity to CSSC, a major step in asset integration after their erstwhile parent groups started merger in 2019. Three listed companies of previous China State Shipbuilding Corp, including CSSC Science and Technology Co Ltd and CSSC Offshore and Marine Engineering (Group) Co Ltd, and six listed firms of former China Shipbuilding Industry Corp, such as China Shipbuilding Industry Group Power Co Ltd, announced in separated notices that all of them will unconditionally transfer their equities to CSSC as part of the merger process.

Ship Orders Surge as Carriers Rush to Add Capacity | Hellenic Shipping News Worldwide

Ship Orders Surge as Carriers Rush to Add Capacity Global shipyards that were retrenching and consolidating in a faltering maritime market barely more than a year ago are now flush with new orders, boosted by efforts by shipping lines to add capacity to meet resurgent consumer demand in Western economies. Orders for new container ships in the first five months of this year were nearly double the orders for all of both 2019 and 2020, according to London-based maritime data provider VesselsValue Ltd., with the biggest gains going to shipyards in South Korea and China. The order tally has been so strong that some yards have stopped giving quotes for new vessels and are trying to renegotiate existing orders for more than 20 ships as the price of steel plates used to build vessels has doubled since the end of 2020, according to people involved in those deals.

Chinese shipbuilder to construct semi-submersible aquaculture platforms

Chinese shipbuilder to construct semi-submersible aquaculture platforms By May 26, 2021 09:17 BST Guangzhou Shipyard International Company, a subsidiary of China State Shipbuilding Corp (CSSC), has signed an agreement with Yangjiang Heng Bang Fishing Company to build two semi-submersible platforms [.] Want to keep reading? sign up This field is required Remember me Enter the email address associated with your account. We ll send you instructions to reset your password. This field is required to change your password. redirecting. Don t miss a beat Start your week with our Editor s choice Go d indicates our Product updates [x] [x] [x] How we handle your data We never share, sell or distribute our subscribers’ data.

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